Hub Podcasts Is Trudeau to blame for Carney's disappointing budget?
Nov 8, 2025
The discussion dives into Carney's disappointing budget, examining Trudeau's reversal of OAS age reforms and the resulting fiscal pressures. Immigration targets are recalibrated, raising questions about their economic effects on GDP and productivity. The podcast critiques the idea that lowering immigration can serve as a solution for productivity without concrete policies in place. Additionally, a Supreme Court ruling on mandatory minimums sparks debate, with emphasis on the need for judicial restraint and a conservative strategy to influence legal appointments.
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Trudeau's Past Choice Haunts Today's Budget
- The Kearney budget's Comprehensive Expenditure Review projects $13 billion in annual savings by 2029–30 but will barely dent near-term deficits.
- Trudeau's reversal of raising OAS eligibility to 67 created a multi-billion dollar recurring cost that now constrains current policymakers.
Immigration Shift Exposes Productivity Problem
- The Kearney government reduced immigration targets toward Harper-era levels, reversing Trudeau's immigration-driven growth model.
- With fewer new arrivals boosting headline GDP, Canada must now confront stagnant productivity to generate genuine growth.
Don't Substitute Immigration Cuts For Productivity Plans
- Do not rely on a temporary fiscal cushion or lower immigration as a substitute for a productivity strategy.
- Develop and pursue concrete productivity and investment policies to restore sustainable growth.